Cict Mobile Communication Technology Co.,Ltd. Posted 25.8 Million Yuan Net Profit in First Quarter of 2023

Cict Mobile Communication Technology Co.,Ltd. (中信科移动通信技术股份有限公司) (688387.SH) reported a net profit of 25.8 million yuan in the first quarter of 2023, reversing a net loss of 17.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 41.4% year-on-year.

At the end of the reporting period, it had 15 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 53%.